Syon Capital LLC Sells 1,090 Shares of General Mills, Inc. (NYSE:GIS)

Syon Capital LLC cut its position in General Mills, Inc. (NYSE:GIS) by 15.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,922 shares of the company’s stock after selling 1,090 shares during the period. Syon Capital LLC’s holdings in General Mills were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new stake in General Mills during the fourth quarter valued at about $26,000. CBIZ Investment Advisory Services LLC bought a new position in General Mills in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in General Mills in the 4th quarter valued at approximately $31,000. VSM Wealth Advisory LLC bought a new stake in General Mills during the 4th quarter valued at $32,000. Finally, Transce3nd LLC purchased a new stake in shares of General Mills during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GIS shares. JPMorgan Chase & Co. decreased their price objective on General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Jefferies Financial Group upped their price target on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Stifel Nicolaus reduced their price objective on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Morgan Stanley began coverage on shares of General Mills in a research note on Monday, March 24th. They issued an “underweight” rating and a $53.00 target price on the stock. Finally, Citigroup reduced their price target on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $65.00.

General Mills Price Performance

GIS opened at $56.16 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $30.96 billion, a P/E ratio of 12.21, a PEG ratio of 1.94 and a beta of 0.15. The stock has a 50-day moving average price of $59.32 and a 200-day moving average price of $62.40. General Mills, Inc. has a 12-month low of $55.15 and a 12-month high of $75.90.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Equities analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s payout ratio is presently 52.75%.

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the transaction, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at $22,967,490. The trade was a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.